bank rates

Top 24-Month CD Rates Fall Below 2.00%

What’s going on with 24-month CD rates? This is the third time in the past six days that we’ve had to re-do our rankings of the best deals that are available nationwide.

August has seen a lot of CD rates slide, but the2-years have been hit the hardest. Only one rate available last Thursday is still available today.NewDominion Bank, which has offices in Charlotte and Mooresville, N.C., cut its rate from 2.00% to 1.95% on Tuesday.

NewDominion Bank, which has offices in Charlotte and Mooresville, N.C., cut its rate from 2.00% to 1.95% on Tuesday.

Yet it continues to offer the best nationally available return on a 24-month certificate of deposit and continues to require a $3,000 minimum deposit.

The next best nationally available 2-year CD rates are now:

1.89% APY with a $1,000 minimum deposit from Bank of Internet, an online bank based in San Diego.

1.80% APY with a $500 minimum deposit from Acacia Federal Savings Bank, an online bank owned by the Acacia Life Insurance Co.

1.80% APY with a minimum deposit of $2,500 from Discover Bank, an online bank owned by the credit card company.

1.80% APY with a minimum deposit of $5,000 from Colorado Federal Savings Bank, an online bank in Greenwood Village, Col.

All of these banks allow customers to buy CDs over the Internet, regardless of where they live.

Compare these returns with the best CD rates from scores of other banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. DealMaven said:
    on September 2nd at 10:54 am

    The rates posted on The CD Rates Leaderboard for August 31 are still good.

    We check every morning and haven’t found any changes yet.

  2. DealMaven said:
    on September 10th at 04:45 pm

    NewDominion Bank cut its top CD rate to 1.85% this week, but it’s still high enough to be the best nationally available 2-year rate out there.

    Check The CD Rates Leaderboard for Sept. 8 to see which banks have the other top rates on 3-month to 5-year CDs.